America's Fertility Decline

Avatar for Cmmelissa
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Registered: 11-13-2008
America's Fertility Decline
23
Tue, 02-05-2013 - 2:36pm

I thought the following article from the WSJ was pretty interesting.  It talks about how a society with declining fertility puts it at risk of having skewed age demographics, which causes many problems due to an aging population.  It claims that issues we are facing in the U.S., such as the economy, are caused by declining fertility rates: 

Low-fertility societies don't innovate because their incentives for consumption tilt overwhelmingly toward health care. They don't invest aggressively because, with the average age skewing higher, capital shifts to preserving and extending life and then begins drawing down. They cannot sustain social-security programs because they don't have enough workers to pay for the retirees. They cannot project power because they lack the money to pay for defense and the military-age manpower to serve in their armed forces.

http://online.wsj.com/article/SB10001424127887323375204578270053387770718.html?mod=googlenews_wsj

They suggest that the decline in the U.S. is caused from stagnent middle class wages, more women getting college degrees and entering more varied careers than in past years.  I also think that high daycare costs, not to mention the basic costs of having a child, play into the decision to have fewer offspring.  

The articles gives a few ways to improve the fertility rate by making changes to social security, decreasing the costs of college tuition and improving infrastructures to make commuting more cost effective.  

What are your thoughts on the article?  With the current economy, do you think it's feasible for families to have more children? 

Avatar for jamblessedthree
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Registered: 10-23-2001
Sun, 02-17-2013 - 12:00pm

Unless you're in the know of financial aid nobody really knows how somebody else is paying for college, You could say you are funding your kids education then place it all on credit card, It just makes you sound rich to say you are!  Lol!  But yes, Parents have an opportunity to instill the ethic of hard work like these parents have whom I admire while others fail at those teachable moments and let kids just get whatever they want. 

 

 

Avatar for rollmops2009
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Registered: 02-24-2009
Sun, 02-17-2013 - 1:50pm

Empty, it is also a misunderstanding, I think. Many colleges now prefer CC payments, and it is cheaper and faster than wire transfers. The issue is not using a card as the payment method, the issue would be if you didn't or couldn't pay the CC bill. Not sure why there is a persistent misconception on this board that using a card to pay with means that you carry debt. 

iVillage Member
Registered: 08-22-2009
Sun, 02-17-2013 - 2:06pm

  If it is put on credit cards it is still be funded by the person paying that credit card.

  Our DDs college was paid for from a variety of sources.  They all took out student loans,  DD1 and DD2 did work study.  There were some scholarhips and grants.

  DH and I paid a lot through savings.  We also took out parent loans.  The fact that we borrowed that money does not mean that we did not fund that portion

  Doing the happy dance that as of last Nov all our the college expences that DH and I  signed up for are paid in full. 

 

iVillage Member
Registered: 01-08-2009
Sun, 02-17-2013 - 2:17pm
You didn't answer what kind of work the kids do to earn that much money to put themselves through college, though. I might like to steer my kids in that direction if I knew what it was.
iVillage Member
Registered: 08-22-2009
Sun, 02-17-2013 - 2:17pm

 That is true about colleges prefering  CC paments.    Everything with DD3 reguarding fincances  was done online and paying by credit card was the only option given.  We gave DD3 our credit card number and she "paid" our portion.   I assume those who do not have credit cards would have had to call the university and make other arrangements.   Since with the exception of her  freshman year we paid everything out our savings we racked us quite a bit of cash back points in those three years. 

iVillage Member
Registered: 01-08-2009
Sun, 02-17-2013 - 2:18pm
I can only conclude that some people don't know how credit cards work. In that case, it is probably better if they don't use them.
Avatar for rollmops2009
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Registered: 02-24-2009
Sun, 02-17-2013 - 2:28pm

Empty, exactly, not to mention if you are paying for education in another country. It is possible somehow for me to pay by transfer for dd's college, but it is complicated, a pain, can easily get messed up and costs a fair amount. 

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Sun, 02-17-2013 - 2:32pm

Bord, you do have a point there. I seem to remember in some discussion here years ago, that some people were laboring under the misconception that the minimum payment was the payment. I can see that how that could land someone in trouble and taking a dim view of CCs.

Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Mon, 02-18-2013 - 6:01am
Hard work and successfully raising kids that move on to college is a big step in itself, doing that 10 times over is to be admired. I don't know what you mean by steering your kid in that direction, You don't have 10 and you aren't them.

 


 


Avatar for jamblessedthree
iVillage Member
Registered: 10-23-2001
Mon, 02-18-2013 - 6:02am
Then call it what it is, Tuition is charged to a credit card.